Activity Lesson 1

Bitcoin Monetary Revolution
#1328

My 15 kg dumbbells for 20 kg dumbbells. Fair exchange. It better suited both our needs. It improved both our situations.

My effort/time/energy for new skills learned. Fair exchange. The new skills propelled me forward in life.

My IT skills for a haircut and beard trim. No fair exchange, and a fair exchange. My service is more valuable in the long term than his. Applying my service took me less effort than him for his service.

My self made pizza for another self made pizza. Fair exchange, although mine tasted better. We both got an equal amount of food.

#1329

Traded lunch set with a friend at school as we were both bored with what our moms have prepared for us
It was a fair trade as both were happy with different cooking styles

#1330

As a child in primary shool I used to trade spacix trading cards for football coins that I later sold to other kids. When I look back I am not entirely sure it was a fair exhange since I did make a lot of profit money wise, trading and later on selling the coins.

#1331

I can very vaguely remember trading baseball cards and slightly more trading “Magic the Gathering” cards. The trade was unfair, I got taken advantage of by one of my older brother’s friends lol. I just knew what cards were good and not so good, not how much they were worth.

Can actually remember being on a family cruise at 15 years old and stopping (maybe in the caymans) where locals had hand made jewelry made out of shells and such. My aunt would barter dollar price against the jewelry since there were no prices, just a barter system.

#1332

Ever since i was a little, me and my brother would stack our toys and exchange with friends.

We would invite our friend to come and he would bring a bag full of toys and then the barter began, depending on the quality and how cool the toy was we would offer 2 toys in exchange of 1 that we really wanted or other way around.

recently aswell i made a barter deal with my friend, i gave him my Desktop pc in exchange for a notebook and a bit of cash, this is not a 100% barter exchange since fiat currency was involved but the act of exchange the goods would the example.

#1333

Hey all !

I exchanged different things against multiple things through my childhood, at kindergarden i used to exchange candy for kisses from girls, valuable pogs against less valuable pogs, but the quantity of those was way higher and knowing i could buy 2 or 3 of those valuables from someone else (if you know what a pog is you’re already an oldtimer like me :slight_smile: ) ended up with all kinds of pogs, and it always was a fair deal, since it almost always was favorable to my interest,I had the chance to early learn what was the taste of a bad deal.

#1334

The most recent one I can think of was I helped to organize an event and in exchange for that could use a motor boat of for the whole summer season. As I child we had albums where we collected stickers and a group of kids got together and exchanged the stickers to get the full set and finish the album. I think both of these exchanges were fair because the one with the stickers literally meant exchaning the same think in essence. And the one in adulthood was my choice and I enjoyed both the work and the reward.

#1335

When I was a teenager I had some old speakers and other audio parts at my house. My friend had some old hard drives and other old pc parts. We decided to swap as we were both intending to throw it away (items had very little value). It was very fair exchange and beneficial to us both. He restored some of the audio parts and I managed to build a working pc and we both learned a lot in the process.

#1336

We used to collect stickers in school and they came in many different varieties. Everyone at that age had sticker albums and we spent a good deal of our time in between school breaks to trade stickers with each other.

Certain types of stickers were more valuable than others, e.g. cork stickers or others that would glitter. There were also stickers of international football players to collect and you had to get them all in order to complete the sticker album that went along with it. So in order to get the stickers you wanted or needed, you had to make a bid with someone you knew had them. Other people could outbid you of course, so there was a lot of back and forth between kids from different classes in school, or even kids from other schools that happened to be taking the same bus.

#1337

Hello!

As a student I was the board member at local student organization BEST which stands for Board of European Students of Technology. We organized big events for our University, for all country and also for all Europe. We had almost zero budget so we got most of the needed products and services as a result from the barter with the companies. We advertised them and they gave as food, materials etc, whatever they were trading. And yes, I think it was a fair exchange.

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#1338

As a teenager I became interested in cutting hair, not obsessively so. I realized I was good at it and saved money by cutting my own. I unfortunately at that time also had a proclivity for smoking. The barter that actually went on for many years was a haircut for 2 packs of cigarettes. Looking back I’d say the set agreement was more than fair.

#1339

I remember trading a shiny Charizard pokemon card for a Shiny Blastoise card. Although the ‘value’ of the Charizard was higher than the Blastoise in monetary terms to me the trade was fair because my Charizard was a duplicate and I needed the Blastoise, so to me the Blastoise had more value than the Charizard.

#1340

I would trade fixing someone’s skateboard, scooter or bike for extra parts that i could then use to fix more.

#1341

Back 15 years ago a scuba dive shop I worked for would pay for your service (being an employee) in cases of beer. Most people would have spent the money on beer if they were paid in money so they just paid in beer. For those who wanted money, they could sell those cases of beer to other people for money. For the lifestyle of what the employees had and wanted it was a fair trade. They knew how they would be paid and they agreed to the payment process.

#1342

MTG collectible trading card game cards, based on the usage, popularity and power in the game.

#1343

TF2 hats on trading servers. The various hats had different perceived values to people based on rarity, looks and effects. I tried to gain value whereas other wanted the different effects and cared less of the perceived value, so it was fair because both parties were happy with the trades.

#1344

My last barter transaction wasn’t long ago. The last time when I did that was when I exchanged a sweatshirt for a shoulder bag. I don’t think it was a fair transaction simply because the value of each item is determined by personal opinion and each items cost in fiat currency. Also we can’t verify the authenticity and many other important details which could’ve led to cancelling the transaction.

#1345

I have a barter deal at my work every month, our company offers services for another company and instead of money exchanging hands, they offer services to us of equal value.

#1346

My grandpa fooled me several times. In that time we did transactions in Dutch Guilders. He would let me choose between 4 guilder coins or 1 banknote of 10 guilder. All the time I did go for the 4 coins, because I saw it as 4 to 1, without knowing 1 banknote was equal to 10 coins.

#1347

this sounds a bit dodgy but it shaped me into what i am today so hey ho , here goes, i had a friend who was the local hard knock of the area and our school, so i teamed up with him, he was my muscle, i was much smaller but was the brains, i actually couldnt punch my way out of a paper bag , i didn’t realise this at the time but it really started me off trading and giving me some new found confidence and social skills, it started when his father who worked at the local car electronics plant back when commodore 64 computers came out in or around must have been the 80s, yes i am going back a bit !, anyway, some bright spark figured out and made a basic circuit board and ribbon with the connections on either end where you put the tape deck into the pc, so instead of plugging the tape deck in the pc you plugged this in , then plugged the tape deck into that, you put a second tape deck into the other end so all where attached, then when loading the game or software on tape you bought for the pc , you would put a blank tape in the second deck, and press play on one to load and record and play on the second deck at the same time and make a bang on perfect copy every time !! , bingo, im not sure how , but it started off by putting the word out at school that we could get any game you want and only charge £2.50, the average price of a game back then was £10.00 , so every weekend, id have a big bench lined up in the front room, my big mate john would line all the buyers up, take the cash ,and i suppose kept all in line and booted any bad payers !, and one by one in turn, they would move up the bench, come to me and pick whatever game or games they wanted for 2.50 , id copy them pop them on tape for them and send them off happy, we would then at the end of the day take all the cash and go off to the local computer shop and buy the latest games, then in turn , tell all the lads in school that week what new games we had, creating more of a stir the week after and even more customers, so we found out really about compounding interest in a way, and realising the importance of not just spending the cash on sweets and shite, but putting it back into the business, to make even more… i think back now, and am pleased it kept me off street corners in downtown liverpool uk, it made me popular at school , and made a decent amount of cash, i loved my commodore 64 !, that was my first foray into what i can now say was my first digital currency experience so to speak, everyone walked away happy, not sure the game companys would be happy with me pirating software and games like, but it is what it is… hey at least im honest telling you now…